William C. "Curt" Hunter didn't wait long before making waves for his new employer.

Four months into his job as the Federal Reserve Bank of Chicago's director of research, Mr. Hunter released an explosive study showing a wide disparity in rejection rates between marginally qualified applicants who were black and those who were white.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.